PT Indonesia Morowali Industrial Park (IMIP), the management of the largest nickel industrial area in Indonesia, has recorded a significant contribution to export foreign exchange and state tax revenues.
As of November 2024, IMIP has contributed US$14.45 billion in export foreign exchange and paid Rp18.56 trillion (US$1.16 billion) in taxes in 2023.
“For export foreign exchange until November 2024, the value has reached USD14.45 billion, slightly decreased from 2023, which reached US$15.49 billion. In 2022, the company’s export foreign exchange was recorded at US$15.03 billion,” IMIP spokesperson, Emilia Bassar, told a press conference in Jakarta, on Friday, December 20, 2024.
Emilia also revealed that IMIP’s total investment from 2015 to 2024 reached US$34.3 billion. The investment reflects the company’s commitment to developing the nickel industry sector in Indonesia.
In addition, IMIP also contributes greatly to state tax revenues. In 2023, the company paid Rp18.56 trillion (US$1.16 billion) in taxes. This amount is lower than in 2022, when the taxes paid reached US$1.32 billion (Rp21.12 trillion).
“In 2023, we paid US$1.16 billion in taxes, and in 2022 it was US$1.32 billion,” said Emilia. In 2021, IMIP paid US$655 million or Rp10.48 trillion in taxes.
Economic impact
IMIP’s contribution through foreign exchange, investment, and taxes reflects the strategic role of the nickel industry sector in supporting the national economy. With the increasing amount of investment, IMIP is strengthening its position as the main driver of economic transformation based on mineral downstreaming in Indonesia.
Through its significant contribution, IMIP is expected to continue to support national economic growth and help realize Indonesia’s vision of becoming a major player in the global supply chain nickel and renewable energy.
